Rooftop Investments purchases 500,000 common shares at $0.30 apiece
By Devika Patel
Knoxville, Tenn., July 23 - Gray Fox Petroleum Corp. settled a $150,000 private placement of stock with Rooftop Investments Ltd. on July 17, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 500,000 common shares at $0.30 per share, a 62.5% discount to the July 22 closing share price of $0.80.
Proceeds will be used for general administrative purposes and to make certain lease payments.
The oil and gas company is based in Dallas.
| Issuer: | Gray Fox Petroleum Corp.
|
| Issue: | Common shares
|
| Amount: | $150,000
|
| Shares: | 500,000
|
| Price: | $0.30
|
| Warrants: | No
|
| Investor: | Rooftop Investments Ltd.
|
| Announcement date: | July 23
|
| Settlement date: | July 17
|
| Stock symbol: | OTCBB: GFOX
|
| Stock price: | $0.80 at close July 22
|
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